Agree on a set limit spent on credit cards per month.
Keep records and receipts of large purchases.
Get independent advice before placing and inheritance or assets owned individually prior to the relationship.
Remain fully informed and involved in your financial affairs. Don't relinquish control.
Don't sign anything unless you know what you are signing. If in doubt, have it looked at by an accountant, adviser or lawyer.
If you do combine financial resources with your partner, know the financial consequences if something goes wrong.
Understand what it means to be "jointly and severally" liable for a debt - which means if one person can't pay it, the other has to pay it in full.
If trouble strikes, get advice from a lawyer to minimise or avoid damage to your asset base.
Consider seeking a financial adviser who is separate and independent from your partner's.
Each week financial advisor Noel Whittaker answers your
questions.
